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New Buy Rating for BHP Group Ltd (BHPLF), the Basic Materials Giant
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New Buy Rating for BHP Group Ltd (BHPLF), the Basic Materials Giant

Goldman Sachs analyst Paul Young maintained a Buy rating on BHP Group Ltd (BHPLFResearch Report) on May 12 and set a price target of A$49.90. The company’s shares closed yesterday at $29.40.

According to TipRanks, Young is a 5-star analyst with an average return of 18.4% and a 68.13% success rate. Young covers the Basic Materials sector, focusing on stocks such as Lynas Rare Earths Limited, BHP Group Ltd, and Mineral Resources Limited.

BHP Group Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $29.94.

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The company has a one-year high of $35.55 and a one-year low of $22.35. Currently, BHP Group Ltd has an average volume of 128.3K.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BHPLF in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

BHP Group Ltd. engages in the exploration, development, production, and processing of iron ore, metallurgical coal, and copper. It operates through the following segments: Petroleum, Copper, Iron Ore, and Coal. The Petroleum segment explores, develops, and produces oil and gas. The Copper segment refers to the mining of copper, silver, lead, zinc, molybdenum, uranium, and gold. The Iron Ore segment consist of iron ore. The Coal segment focuses on metallurgical coal and energy coal. The company was founded on August 13, 1885 and is headquartered in Melbourne, Australia.

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